New Khmer-thai International Checkpoint Ready in 2020
A new Khmer-Thai checkpoint in Banteay Meanchey province at the Stung Bot International Checkpoint, in addition to the Poipet checkpoint, is scheduled to complete construction and open for service by next year, according to a report from the Ministry of Public Works and Transport (MPWT) on 9 February. Located about 7km from the Poipet International Checkpoint, the new project includes a bridge ...
Read MoreThree New Water and Sewage Facilities to Be Built in Phnom Penh
Sample Photo Credit: Steffi A. Boehler/Flickr Phnom Penh Municipality is planning to construct two new underground water reservoirs and a new sewage line to help ease flooding as part of implementing the city’s development masterplan. According to a report by Phnom Penh Municipality released on 9 February, the first underground water reservoir will be built in Chaktomok commune and capable o...
Read MoreOCIC to develop commercial hub on Kaoh Norea
Renowned Cambodian construction and real estate firm, Overseas Cambodian Investment Corporation (OCIC), plans to develop a huge commercial hub in the heart of Kaoh Norea, according to the company. OCIC Deputy General Director Mr Touch Samnang confirmed to Construction & Property Magazine on 08 February 2019, that the company plans to develop a huge commercial city in Kaoh Norea as reported ...
Read MoreConstruction Sector Milestone: Domestic Cement Production Up to 3.6 Million Tons in 2018
8 Construction Solutions which combined high-quality production expertis... Cambodia produced more than 3.6 million tons of cement at four cement factories in the first nine months of 2018, a positive sign that the construction sector is growing steadily, according to the latest figures from the Ministry of Industry and Handicrafts. The four factories responsible for this milestone output ar...
Read MoreAluminium China 2019 Ushers in New Industry Era, Following Positive Performance Indicators
Aluminium China 2017 This year’s Aluminium China exhibition and conference, which will be held in July, will again serve China’s rapidly expanding aluminium industry by showcasing new state-of-the-art processes and products in the fields of automotives, construction, transportation, aerospace and consumer durables. Following new green manufacturing trends, Aluminium China 2019 is set to help op...
Read MoreTwo types of mall shaping Cambodia retail sector
As the retail sector’s influence on Cambodia’s property development grows, industry players are now focusing on two types of malls that best serve the country’s consumers. Cambodia leading retail firm, Chip Mong Retail (CMR) recently unveiled its ambition to capture retail market share by segmenting the market into community malls and urban malls. “To compete effectively with the malls in Ca...
Read MoreCDC Approves Four Construction Material Factories Worth Us$35 Million
Sample Photo Credit: Doha Cables The Council for the Development of Cambodia (CDC) has recently given permits to four firms to invest a total of approximately US$35 million to establish their construction material business in Cambodia, which are expected to generate at least 1,600 jobs. According to a press release from CDC, the four firms are Fashion Houseware (Cambodia) Co., Ltd, Tubao (Ca...
Read MoreMore Skilled Cambodian Construction Workers Promised for Japan
Cambodia and Japan agreed on more skilled construction workers working in Japan as a result of a 1 February 2019 meeting between the two parties. The Ministry of Labour and Vocational Training (MLVT) and the Japan Cambodia Interactive Association (JCIA) met to discuss labour cooperation, according to a Facebook post by the MLVT. JCIA Director Mr Fumio Yamada, said that there were more than 4...
Read MoreSong Saa opens plot sales for Cambodia’s largest eco-tourism development
Developer Song Saa Collective announced the opening of the sales of land plots in Cambodia's largest eco-tourism, according to its sole agent CBRE Cambodia. Recently, international real estate firm CBRE Cambodia said that Song Saa has currently opened land plots in the Banteay Srei development zone for sale as part of the huge eco-tourism project, The Song Saa Reserve, in Siem Reap Province. ...
Read MoreLuxury MekongView 6 residence set for 2019
Luxury residence MekongView 6 is set for completion in 2019 adding more than 300 units to the market. Sitting in the heart of the increasingly popular Chroy Changva area, the 23-storey MekongView 6 residence is set for completion by July 2019, according to the developer’s sales representative. On 1 February 2019, the company sales representative told Construction & Property Magazine tha...
Read MoreStability and Economy Are the Natural Resources of Real Estate Growth Says Oknha Pung Kheav Se
One of Cambodia’s most prominent and well-known investors in construction and real estate has said that the growth of the sector relies on political stability and a strong economy as its natural resources. Speaking to a meeting between the Cambodia Constructors Association (CCA) and Cambodian Valuers and Estate Agents Association (CVEA) Neak Oknha Pung Kheav Se, Chairman of the Board of Directo...
Read MoreNational Bank: Real Estate Credit Risk Remains Low
Although the real estate sector continues to consume large amounts of credit, risks associated with this high credit growth in the sector remain low, according to a National Bank of Cambodia (NBC) assessment. The NBC annual report 2018 for financial stability risk assessment released on 30 January 2019, stated that credit in the real estate sector is still healthy despite its strong growth of a...
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